US law firm attempts to block transfer of frozen ETH from Kelp exploit
US law firm Gerstein Harrow filed a court-approved restraining notice blocking transfer of $73 million frozen Ether from Kelp DAO's $292 million hack. The firm claims clients owe $877 million in North Korea-related damages and have stakes in the seized funds. The action delays victim compensation, sparking community backlash over shifting DPRK debt onto exploit victims.
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Kraken parent Payward closes $550 million Bitnomial deal, securing full CFTC derivatives stack
Payward completed its $550 million acquisition of Bitnomial, securing a full CFTC-regulated derivatives stack for U.S. operations. The deal grants Kraken futures broker, exchange, and clearinghouse licenses, eliminating reliance on third-party venues. Spot margin trading launches first on Kraken and NinjaTrader, with perpetuals and options following. This positions Payward competitively as U.S. crypto firms race to bring derivatives onshore.
Laywer pops up on Arbitrum DAO forums seeking funds for victims of decades-old North Korean terrorist acts
Families of North Korean terrorism victims served Arbitrum DAO a restraining notice, claiming 30,765 ETH frozen after the rsETH exploit belongs to North Korea via alleged Lazarus Group links. The move blocks fund release for DeFi victims, citing $877 million in unpaid judgments against Pyongyang. Arbitrum delegates face choosing between compensating recent hacking victims or satisfying decades-old terrorism claims.
